NBF Studio One Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: 15615661

		31 March 2026		30 April 2025
	Notes	£	£	£	£
CURRENT ASSETS
Debtors	4	208,828		1
Cash at bank and in hand		2,226		-

		211,054		1
Creditors: Amounts Falling Due Within One Year	5	(211,053 )		-

NET CURRENT ASSETS (LIABILITIES)			1		1

TOTAL ASSETS LESS CURRENT LIABILITIES			1		1

NET ASSETS			1		1

CAPITAL AND RESERVES
Called up share capital	6		1		1

SHAREHOLDERS' FUNDS			1		1

Page 1

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NBF Studio One Ltd

Balance Sheet (continued)

As At 31 March 2026

For the period ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Miss Victoria Novadnieks

Director

21 May 2026

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

NBF Studio One Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 15615661 . The registered office is 43-45 St. John Street, 2nd Floor, London, EC1M 4AN.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover relates to the production of a film. It represents the value of work done in the period, including estimates of amounts not invoiced and is stated after trade discounts, other taxes and net of VAT.

The value of work done in relation to long-term contracts and continuing services is determined by reference to the stage of completion of the relevant contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Taxation

The tax currently payable is based on taxable profit for the year. The amount of tax reported includes corporation tax charged on the Audio Visual Expenditure Credit which is included in sales. A deferred tax asset has not been recognised in relation to the losses available as the company cannot be certain that this asset will be used in the future.

3. Average Number of Employees

The company is producing a film entitled “Sylvie”. In common with the film and television industry, the majority of crew are hired on short term contracts for the duration of principal photography or are self-employed so the average number of employees during the period was: NIL (2025: NIL)

4. Debtors

	31 March 2026	30 April 2025
	£	£
Due within one year
Trade debtors	300	-
Prepayments and accrued income	3,593	-
Corporation tax recoverable assets	139,147	-
VAT	65,788	-

	208,828	-
Due after more than one year
Amounts owed by group undertakings	-	1

	208,828	1

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NBF Studio One Ltd

Notes to the Financial Statements (continued)

For the Period 1 May 2025 to 31 March 2026

Prepayments and accrued income is the loans received to finance the project which will only be repaid out of exploitation income. Accordingly, these loans have been shown as accrued income so as to show the true financial position.

5. Creditors: Amounts Falling Due Within One Year

	31 March 2026	30 April 2025
	£	£
Trade creditors	102,203	-
Amounts owed to participating interests	25,000	-
Other creditors	83,850	-

	211,053	-

6. Share Capital

	31 March 2026	30 April 2025
	£	£
Allotted, Called up and fully paid	1	1

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